Underwriting Specialist

Posted 24 Days Ago
Be an Early Applicant
Lexington, KY
7+ Years Experience
Insurance • Financial Services
The Role
The Underwriting Specialist is responsible for underwriting complex Commercial Lines property risks, reviewing applications, monitoring underwriting results, and delivering quality service to brokers and customers while developing relationships and creating customized insurance solutions within regulatory guidelines.
Summary Generated by Built In

MSIG North America continues to grow! 

Summary/Job Purpose:

Underwrites profitable Industrial and Global property business on a nationwide basis in accordance with Corporate goals.

Essential Functions:

Percentage of Time:

  • Selects and underwrites the most complex Commercial Lines property risks within delegated underwriting authority. 
  • Reviews applications and requirements to determine acceptability of risk in accordance with Company guidelines and standards. Perform all aspects of the underwriting process and due diligence including review and analysis of financial documents and individual risk factors. Applies appropriate pricing techniques according to company filings and state/bureau conformance.
  • Monitors underwriting results, premium and loss trends within assigned book of business.
  • Deliver quality service to brokers and customers within established service metrics for new, renewal and interim requests. Develop and cultivate new and existing broker and customer relationships in assigned territory. Work with brokers and clients to create customized insurance solutions. Source new business opportunities through a strong broker and client network. 
  • Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory. Compiles and documents accounts in accordance with regulatory and internal underwriting guidelines.
  • Document accounts in accordance with regulatory and internal underwriting guidelines.
  • Establishes and executes effective and efficient producer and client visits (with appropriate business units – Risk Engineering, Claims and Marketing Representatives) in order to maintain and increase new business.
  • Enhances technical expertise in the area of Industrial and Global property underwriting including assisting in Underwriting Manager in the training and development of department staff.
  • Analyzes policy forms and endorsements requests from brokers.

Supervisory Responsibilities:

This position has no supervisory responsibilities

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required:

Diploma/Degree & Experience

  • Bachelor's degree (B. A.) required
  • 10+ years of related multi-line background required.
  • Proficiency in underwriting large property accounts with particular expertise in underwriting global exposures
  • Familiarity with catastrophe modeling and management of aggregates preferred 
  • Experience managing Reverse Flow/global business is a plus.
  • Existing producer relationships preferred.
  • Must have demonstrated negotiation and production skills.
  • Excellent verbal and written communication skills

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
It is the policy of MSIG-NA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities.

The Company
New York, New York
644 Employees
On-site Workplace

What We Do

MSIG USA is the partner that businesses rely on for creative, customized insurance solutions. Owned by a global P&C carrier with an A+ rating and a 300-year heritage, MSIG USA helps protect leading businesses across a wide range of industries. The company’s financial strength and deep capacity enable it to cover a wide range of risks and deliver responsive, personalized service through a nationwide team. MSIG USA is admitted in all P&C lines in all 50 states, the District of Columbia, and Puerto Rico.

MSIG USA is the marketing name used to refer to certain underwriting subsidiaries of MSIG Holdings (U.S.A.), Inc. (“MSIGH”), and its subsidiary companies. U.S. Companies Only: MSIG insurers are subsidiaries of Mitsui Sumitomo Insurance Company, Limited, a member of MS & AD Insurance Group. MSIG refers to the insurers underwriting coverage: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc

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